Energy, Green Technology and Water Minister Datuk Seri Maximus Ongkili said the 100 per cent equity sale of Edra Global accounts for only 14 per cent of total power generation in the country.

“The government has agreed to the equity disposal as it is part of the transformation in the country’s energy sector.

“We feel everything is guaranteed because it (the sale) only involves a total equity of 14 per cent.

“We still have about 50 per cent of the country’s energy production under Tenaga Nasional Bhd (TNB) and 20 per cent from Malakoff,” he said in reply to Sim Tze Tzin (DAP-Bayan Baru) and Datuk Mahfuz Omar (PAS-Pokok Sena).

Ongkili said the government still has control over the disposed strategic national asset through legislation and the issuance of licences to produce electricity.

Yesterday, 1MDB through Edra Global signed a share sale and purchase agreement with CGN Group for the 100 per cent sale of its power assets valued at RM9.83 billion.